FinancingClosedFebruary 18, 2026

Corporate financing — energy storage technology

Convertible notes financing. First positive adjusted EBITDA ($5-10M) in Q4 2025. Strategic pivot to AI data center energy via Crusoe partnership.

$150M

Deal Value

BESS

Technology

CA

Location

Deal Details

Deal Type
Corporate
Seller / Sponsor
Energy Vault Holdings (NRGV)
Buyer / Financier
Convertible note investors
Deal Value
$150M
Stage
Operating
ISO/RTO
Multiple

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